Which of the Following Would Be Included in Net Income

question 49

Multiple Choice

Which of the following would be included in net income?

• A) an unrealized gain on an available-for-sale debt investment as of the end of the accounting period
• B) a gain from the disposal of equipment that occurred on the last day of the accounting period
• C) an unrealized gain as a result of a foreign currency translation adjustment
• D) an unrealized loss on an available-for-sale debt investment as of the end of the accounting period

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Definitions:

Create Wealth

This refers to the process of generating value through the production of goods, services, or other means that increases the economic resources or wealth of an individual, community, or country.

Technological Change

The process of invention, innovation, and diffusion of technology or processes that may drive economic growth or affect productivity.

Technological Improvements

Enhancements or advancements in technology that increase productivity or efficiency in a process or product.

Unemployment

The state of being without a job despite actively looking for work, often used as a key economic indicator.